https://www.taxtmi.com/caselaws?id=325347 The appeal was dismissed, upholding the taxation of income from a liquor business in the hands of an individual based on a Supreme Court judgment. The partnership firm's income was also held taxable in the individual's hands due to non-challenge. The Tribunal directed a reconsideration of certain additions related to disallowance and unexplained deposits, while confirming the treatment of the partnership firm as an Association of Persons, leading to a partial allowance of the appeal. en-us Wed, 23 Dec 2015 00:00:00 +0530 Thu, 17 Mar 2016 10:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325347 The appeal was dismissed, upholding the taxation of income from a liquor business in the hands of an individual based on a Supreme Court judgment. The partnership firm's income was also held taxable in the individual's hands due to non-challenge. The Tribunal directed a reconsideration of certain additions related to disallowance and unexplained deposits, while confirming the treatment of the partnership firm as an Association of Persons, leading to a partial allowance of the appeal. Case-Laws Income Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325347